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272 Broadway 4,517 SF Retail Building Bethpage, NY 11714 $1,400,000 ($309.94/SF) 2.72% Cap Rate
Investment Highlights
- Mixed-use asset with one retail unit and two residential apartments.
- Approximately 4,517 SF of rentable building area on a 9,000 SF lot.
- Twelve on-site parking spaces serve commercial and residential users.
- Two apartments were renovated approximately four months ago.
- Detached two-bay commercial garage provides additional functionality.
- Separate utility responsibility and individual electric metering for tenants.
Executive Summary
Offered for sale is a mixed-use investment property consisting of one retail unit and two renovated residential apartments on a 9,000-square-foot parcel. The property contains approximately 4,517 SF of rentable space and benefits from diversified income generated by both commercial and residential tenancy. The two second-floor apartments have been recently renovated and feature gas-fired central heating and air conditioning, while the retail space and basement utilize oil-fired hot water heat with wall-mounted air conditioning units.
The property is designed for efficient operation with separate utility responsibility for tenants, individual electric metering, and 200-amp electrical service. Additional amenities include a full basement for storage, a detached two-bay commercial garage, and 12 dedicated parking spaces. Current gross rental income totals $90,480 annually, generating a current net operating income of $38,030.93.
Investors may benefit from future income growth through potential retail rent adjustments to prevailing market levels. Combined with recently renovated residential units, ample parking, and supplemental storage and garage improvements, the property presents an opportunity to acquire an income-producing asset with both current cash flow and value-add potential.
The property is designed for efficient operation with separate utility responsibility for tenants, individual electric metering, and 200-amp electrical service. Additional amenities include a full basement for storage, a detached two-bay commercial garage, and 12 dedicated parking spaces. Current gross rental income totals $90,480 annually, generating a current net operating income of $38,030.93.
Investors may benefit from future income growth through potential retail rent adjustments to prevailing market levels. Combined with recently renovated residential units, ample parking, and supplemental storage and garage improvements, the property presents an opportunity to acquire an income-producing asset with both current cash flow and value-add potential.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Building Size
4,517 SF
Building Class
C
Year Built/Renovated
1920/2026
Price
$1,400,000
Price Per SF
$309.94
Cap Rate
2.72%
NOI
$38,031
Tenancy
Single
Building Height
2 Stories
Building FAR
0.49
Lot Size
0.21 AC
Zoning
C - Commercial
Amenities
- Signage
Moderately walkable
70/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2489-46-115-00-0040-0 | Total Assessment | $3,703 (2026) |
| Land Assessment | $1,375 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,328 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
2489-46-115-00-0040-0
Land Assessment
$1,375 (2026)
Improvements Assessment
$2,328 (2026)
Total Assessment
$3,703 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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272 Broadway